27 June 2012 20:35 [Source: ICIS news]
HOUSTON (ICIS)--Spot prices for styrene butadiene rubber (SBR) in North America fell by an average of 5.3% for non-oil grade 1502 and by 8.4% for oil-enhanced 1712 because of decreasing feedstock costs, market sources confirmed on Wednesday.
SBR 1502 spot prices fell from 125-139 cents/lb ($2,756-3,064/tonne, €2,205-2,451/tonne) to 120-130 cents/lb. SBR 1712 spot prices moved to 115-125 cents/lb from 130-132 cents/lb.
Spot prices for 1502 in 2012 have peaked at an average of 183.00 cents/lb in April, after starting the year at an average of 132.50 cents/lb.
SBR 1712 had a 2012 peak spot price in April of an average of 158.50 cents/lb, after starting the year at an average of 125 cents/lb.
For SBR feedstock, most June BD contracts fell to $1.07/lb, down by 27% from May.
July contract price nominations for BD have been submitted. Those offers include a 12-cent/lb drop to $1.03./lb, a 9 cent/lb drop to 98 cents/lb and a 17 cent/lb drop to 90 cents/lb.
SBR producers in North America include American Synthetic Rubber Co (ASRC), Ashland, Firestone Polymers, Goodyear Tire & Rubber, LANXESS, Lion Copolymer and Negromex.
($1 = €0.80)
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